Derivatives - Schedule of Long Positions in TBA (Details) - TBA securities - Not Designated as Hedging Instrument, Trading - Long position - USD ($) $ in Thousands		Mar. 31, 2025	Dec. 31, 2024
Derivative [Line Items]
Implied market value, TBA	[1]	$ 2,730,302	$ 2,318,392
Implied cost basis, TBA	[2]	2,728,132	2,341,073
Derivative, Fair Value, Net	[3]	$ 2,170	$ (22,681)

[1] Implied market value represents the estimated fair value of the underlying Agency MBS as of the dates indicated

[2] Implied cost basis represents the forward price to be paid for the underlying Agency MBS as of the dates indicated.

[3] Net carrying value represents the difference between the implied market value and the implied cost basis of the Company’s TBA securities as of the dates indicated. The total shown is the net amount included on the consolidated balance sheets of $5,980 within “derivative assets” and $3,810 within “derivative liabilities.”